tv The Intelligence Report With Trish Regan FOX Business August 10, 2017 2:00pm-3:00pm EDT
a lot of people are interested in that story. i'm sure they're interested as well in north korea. the president is getting a security briefing here in a few moments on that. something trish regan will cover in addition to markets and everything else. hey, trish. trish: thank you so much, connell. breaking this hour we'll hear from the state department any minute from now as this whole war of words between president trump and north korea escalates. the rogue nation threatening to strike the united states first, even warning this attack can happen just days from now. and this new threat weighing on markets. stocks down 136. i would point out here, investors still considering what has been said taking things in stride as we look at this level of 21,911. we await the state department. i'm trish regan. welcome, everyone, to "the intelligence report." north korea's military says they're days away finalizing a
plan to launch four missiles near the waters in guam. the rogue nation will send the plan to kim jong-un for approval. it will be up to him to decide whether the plan is actually carried out. the question today, will the united states intercept the missiles or do we strike first? the president is in bedminster, new jersey being briefed on we his national security advisors presumably. former nato ally problem commander wesley clark. good to have you here. stuff boeing on as what is your recommendation here? can we go in and take out north korea's nuclear arsenal? >> we probably could to -- go in with massive force and destroy the whole country. the country had 50, 60 years
putting things in underground tunnels. to get it you have to use nuclear weapons to get it. if you send in a few teams of special forces, you may get some of it. you won't get all of it. to do that you have to disable the air defense network, shut down their security and so forth. so you alert them. the idea you can really do a massive strike without somebody saying something totally surprise gets china off-guard is unlikely. seems likely china would alert north korea. so, because they don't want to see the united states take out north korea and then move all the way to the border with china. so lots of different motives in the region of the best course of action for us right now, trish, is talk directly to the leader in north korea, face-to-face. no bellicose public statements. don't get the public alarmed. see him personally say, don't be doing this. you're bringing yourself to destruction because -- trish: are you criticizing what has been said?
when you say don't be making public statements just curious? seems you want to get some kind of a message through. since you're not meeting with him, you need to let him know how serious this is? >> the best way to get the message through to meet with him personally, and there are ways to do that. that can be done. it was done in 1994. jimmy carter was sent over there. trish: that didn't work out so well. >> i was sitting in the white house sit room. it worked out well because we didn't bo to war with north korea. trish: now where we are? >> this is tougher than iraq. much tougher, because it means hundreds of thousands civilian. they have ability to hurt japan and south korea, and wreck major parts of asia's con economy. likely consequence of united states going to war with south korea, sorry, north korea, is that asia would be in turmoil. who would come out as the real victor in that?
probably china would emerge as much stronger in the aftermath. >> you bring up china. that is an important elephant in the room if you would. everybody is excited about the billion dollar sanctions. i keep making the point talking about a $28 billion roughly estimated economy. a billion dollars isn't going to be that big of a it had. that is assuming china will follow through on those sanctions. i think that is a big if and probably unlikely. why aren't we going after china way harder? why aren't we sticking it to them, guys you have to get north korea in line, you're the answer to that? we can only do what we can do? why not threaten china with more sanctions? >> i think we are behind the scenes putting a lot of pressure on china. i think we should do even more because china does have some influence, although this leader, kim jong-un, has done his best to eliminate any chinese agents of influence in the government.
he had his uncle killed. he got his brother killed. he purged his military a couple times to get rid of chinese agents might be in uniform in his high command. so he knows about personal security. this is a guy who is absolutely determined to stay in power. he is ruthless, but china could put more pressure on him. here is only thing i would say, trish. got to be careful on sanctions in this regard. his highest regime priority is regime survival. he needs those nuclear weapons and missiles. he will sacrifice anything and anybody to keep them at this point. trish: so in other words, any dollar he has. >> starve a million people, absolutely. absolutely. cut hospitals, cut schools. starve them. coop those nuclear weapons. trish: he is supporting a life-style for himself. he had a liquor bill totaled at $30 million for his friends. among other things.
so you could choke him financially to a certain extent in terms of his infrastructure around him but i heart what you're saying, that ultimately take whatever money he has from his own people before he is out of business as far as nukes go. >> yep. when a guy starts shootings members of his own family you know this guy is seriously wanting to stay in power. trish: the question, where does it head? >> i think what you're going to see is, continued determination, strong resolute rhetoric from the united states. i think you're going to see start scrambling figuring out do we, do we start shooting out missiles. trish: of course we should shoot down the missiles, general. >> well, it is we could shoot them down but do we? if we're going to shoot down the missiles, then maybe we want to take them out before they're launched. trish: all right.
>> then, in addition to all the military stuff, there is going to be frenzy of diplomatic activity. somebody will have to go in to speak directly to the president of north korea. trish: general clark. good to see you. >> thank you. trish: joining me right now how we can denuclearize north korea. lieutenant colonel ralph peters. i point out compelling op-ed in the "new york post" you peaceally said you're not sure that people really understand what this means. in other words, if we are at war, we need to be going, be willing to go to certain lengths, none of which make anyone feel good. walk us through your thinking on this. >> the bottom line, trish, is that greatest immorality in war far for us is not collateral damage. it is not accidental civilian deaths.
greatest i am more ral for the united states to lose. when the united states loses, civilization loses, we all lose. my concern for generations now, you heard some of it from general clark, we conditioned people, including our military that war can be relatively sterile. that we should break things and not hurt people. if we are compelled to fight north korea. if north korea continues on the current course, if it continues aggressive actions toward us and our allies, if it is on the verge of nook clear blackmail or nuclear attacks on the united states, we have to go to war, we need to do everything it takes to win, no-holds-barred. do what it takes. if they are, indeed general clark pointed out directly, they're bunkered well underground, networks of tunnels. if it takes nuclear weapons to take them out, use nuclear
weapons, don't do it halfheartedly, give the enemy a chance to react, if you're not willing to fight the war to win, stay and cower in your basement. trish: i will share with viewers one part of what you wrote. we taught our troops to break things but to go to absurd lengths to spare all lives, yes in warfare there is no substitute for killing your enemy and all those who support him and you keep on killing until the enemy quits unconditionally or lie there is dead and rotting. colonel, i haven't heard anyone quite say it like that. you're saying what people don't want to hear. >> it is not politically correct. we have thousands of years of history of warfare. warfare has been mankind's most successful human endeavor. warfare is how human beings collectives solve otherwise intractable problems. i wish it were otherwise.
i wish we all could be quakers. the only reason there are quakers left alive because other people done the fighting for them. there are malevolent forces, there are evil people. people desperately want to hurt us in large numbers. we need to take the world seriously as it is. i come back to my bottom line. if you have to fight a war, you fight to win and you use whatever tools it takes to win. you win fast and hard and reserve mercy for after the shooting stops. trish: think back to world war ii. think about what we had to do in japan and you think about some of the words that the president said, with fire and fury, and colonel, do you foresee us looking at a situation in any way similar to that? lord we all hope not but -- >> we certainly hope not but one thing we've got to get over, trish, this madcap delusion that
china would solve things for us. look at a intelligence officer, from beijing's per speck what is the number one goal for china long-term, become number one power militarily and economic power in the pacific. what is only obstacle to china's ambitions? the united states. they perceive us as the enemy. who is china's only military ally? north korea. who is tying down, who is obsessing us right now and could tie down our forces in wartime? who might nuke our military base without china lifting a finger? north korea. yet we expect china to turn on north korea for our benefit. it is folly. it is time to get past that. general clark, you especially were really right when you raised issue of more sanctions on china. if china doesn't feel enormous amount of pain they will not lift a finker to stop north korea because they're benefiting from it. trish: you know what, they rely on us. they do a lot of business with us. it might be a little economic
pain for us but i'll tell you, i would rather see economic pain colonel peters, than the kind of pain you're talking about. >> absolutely. trish: bank of china, right down there, i walked right by it, couple blocks away. fully in business. we can do much, much more and cut off china economically. i think that is where it needs to head there and needs to head there very soon because you're right. we need to put pressure on them. >> this is our dream of getting china to help us with north korea, has paralyzed our economic policy toward china because we're afraid china will get angry at us. we're in the driver's seat for gods sakes. idea of negotiating with kim jong-un of north korea. we're not supplicants. we're not the beggars. we're the world owes only superpower, by god, if he do not act by it, circumspect tiffly and decisively, koreans will die
in large numbers, japanese may die in large numbers because you can't let a madman have nuclear weapons. this guy killed his uncle, killed his own brother and we think he is a rational actor that would not attack the united states? i'm sore, i'm a pessimist on this one. if we do not get coherent policy, a coherent bipartisan policy against north korea soon, americans will die. trish: thank you for the realism, colonel peters. thank you so much, sir. >> thank you. trish: i are folks check out piece in "new york post." markets off 127. you get tension there clearly on north korea. why in this market we're looking at record highs. we're still way up there near 22,000. where does this go from here? we'll talk about it right after this. we'll see you in two. poor mouth breather.
trish: stocks on pace for biggest drop in a month amid rising tension with north korea. this flight to safety is sending investors into u.s. debt. we have nicole petallides at new york stock exchange and nicole, i want to put this in perspective. you're talking about 118 points right now. as i look at the market out of the corner of my eye here, we're down really barely half a percent here. so, yeah, some people may want to take a little money off the table but are some of the mainstream media folks making a little much out of this? >> hard to say whether people are making too much out of it or not. no doubt the market was near highs. we had three days of selling. concerns about north korea tensions. we lost 70 points last two trading days. about 120 right now.
i will say some traders i spoke with took some risk off the table for now in a wait-and-see mode. i think most people big picture are bullish, on mystic, policies will go through. we have the 10-year bond, you noted bond, that is at a six week low. stocks off most in five weeks, six for the nasdaq. s&p 500 with which has been so stagnant, 58 days without a 1% move, will today be the day it has a 1% move. so be it. we need a little volatility on wall street. trish: it can't always go straight up. >> this isn't bad. trish: heather, are you worried here? do you think this is people taking a little money off the table saying, all right, this is a good excuse, the whole north korea situation, might as well keep a little bit of my profits for now and go on vacation for the rest of august? >> yeah, right. that would be nice.
i think that, look the markets are still within one to 2% of their all-time highs so they are hanging in there fairly well given the catalysts of the geopolitical risks and tensions. i get it, there is some downside pressures on the market but selling off today, only 114 on the dow, that is not a big deal. retail sector is getting pummeled on earnings. look at other sectors across the board, tech rolling over, but rolling over into financials and energy, it will be a positive rotation. i think the markets can hold so long as north korea does not escalate. trish: all right. what are you hearing about earnings down there on the floor, nicole? >> you hit it right on the head because that is the truth of the matter. earnings overall is very good. she just made a freight point what we saw with retailers. for example, kohl's, macy's getting killed, those are getting hit hard but overall earnings season has been particularly good. more than 90% reported, most of
those, 73% beat on earnings per share. another point to the market you're seeing a little bit of selling, some traders said, look we're winding down earnings season we're in the thick of it, then you move into the last couple weeks of august. this is traditionally not a very busy time where people take large positions and the like any way. trish: we'll leave it there, heather and nicole. i want to point out we're off the lows of the session, down 111. we'll keep watching. president trump blasting senate majority leader mitch mcconnell after the senator blamed the president for the republicans inability to get anything done. mcconnell accusing the president of having quote, excessive expectations but is it really excessive to talk about tax reform and health care reform, the very things republicans were sent there to do? i mean shouldn't our president expect that they can at least deliver on their promises? we've got all of that for you next.
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trish: president trump swinging hard at senate majority leader mitch mcconnell today, blasting him in a phone call. fox news sources trump told him he expects obamacare to be repealed, and he was unhappy with those comments mcconnell made to a rotary club in kentucky. watch. >> part of the reason i think the storyline is that we haven't done much is because, in part, the president and others have sets these early timelines about things need to be done by a certain point. our new president of course has not been in this line of work before and i think had excessive expectations about how quickly things happen in the democratic process. trish: isn't that why he was sent there, right? because he would be a disruptor?
trump taking to twitter today, three times in 24 hours i should point out including moments ago, mitch, get back to work and put repeal and replace, tax cuts, infrastructure a bill on my desk for signing. you can do it! a little bit of positive reinforcement, i guess. tell you why shouldn't our president expect more from d.c.? why shouldn't every single one of us expect more from d.c.? joining me american university capri cafaro,. >> good to see you, trish. trish: capri, i will go to you first, this is easy attack line for you. you are on the left. say this president doesn't know washington, et cetera, et cetera. this is in fact why people are so fed up with washington, they're always telling us manana, manana. people want it done now. they need it done now. is the president justified to be angry with mitch mcconnell? >> i think there is enough blame
to go around for everybody in washington as far as dysfunction, democrats and republicans alike have been dragging their feet. i think there is some truth to the matter that i think president trump came in assuming that government works at the speed of business and because the republicans controlled both congress and the white house he would serve as ceo of the gop and he would be able to got things done inimmediately but it takes time to be as disruptive to these long-standing institutions and i would say again democrats and republicans need to come together and with health care -- >> i have to disagree with you, capri. >> all right, ford. >> here is why. cry me a river, mitch mcconnell. on january 26th, you said obamacare and tax reform would be through first 200 days. with obama care repeal, you wined about this seven years. i think seven months is ample time to repeal particularly with budget reconciliation expiring on october 1st. you had to get this done. let me say something else. here is the problem.
it solely relies on republicans in congress. they don't realize they're in the majority. they don't realize their job is to mcgovern. they don't realize in the ballot box when trump agenda succeeds. only 16% of republicans approve the republican congress and 86% of americans think this is do-nothing congress. >> i think repeal and replace, president trump has been hammering on repeal and replace, the fact it is falling short by very narrow margins. republicans would be better served to return to tax reforms as president trump referred to in the most recent tweet. they can get something done on infrastructure. >> hold on, capri, here is the problem what you said. yes they have to turn to tax reform. there will be no help from democrats. we'll revisit exact same divide with tax reform of the it is up to mitch mcconnell and others. trish: you --
>> exactly right. trish: i thought we got over the whole border tax. >> that is not the problem. this will have to go through budget reconciliation because the democrats have already made everyone but three members sign a pledge that they're not going with tax cuts. so we know exactly -- trish: they are self-destructing. >> that is absolutely right. trish: mitch mcconnell is basically leading the charge in that self-destruction. >> that is absolutely right. why basically president trump realized this and gave him an olive branch, endorsing luther strange, a former client of mine in the alabama senate race. president trump is seeing larger picture. what mitch mcconnell doesn't understand, he may know the senate, he doesn't understand patience and public opinion. trish: are his days numbered. >> they will blow up the ballot box in 2018 and they will be off in the wilderness. trish: go ahead, capri. >> i think it depends on the state. for example, back to obamacare, republicans ran on repealing and replacing obamacare, however in the last seven months what we've seen, somewhat of a shift in, as
far as american public opinion is concerned. trish: capri -- they didn't have, they had no replace effort. that is the whole problem. talking about repealing something for eight years, you are going to need it to replace it with something. no one had a decent idea. >> now there are some, for example the problem solvers caucus that comes out of the know labels organization did present a -- >> problem they need 60 votes? the senate because constraints on obamacare. >> whose fault is that? >> that is very simple. republicans saying give us power, give us power. of this to deliver and something is better than nothing. trish: thank you so much. capri, ford, good to see you guys. >> thank you. trish: comingp could president trump fiery warning to north korea have been a message to china? we'll explain. see you here next. liberty did what? yeah, liberty mutual 24-hour roadside assistance helped him to fix his flat
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trish: how about this? we're off the lows of the session, down 88 points. a little sense in there north korea sort of affecting things a little bit. people are taking a little money off the table. shares of blue apron at new low wider-than-expected losses. it is off 40% from its ipo one month ago. seattle is being sued for passing a new mesh sure to tax the rich. the measure will tax individuals
2% of their income if they earn over $250,000. the conservative think tank freedom foundation is behind the lawsuit. it says the tax measure violates the state constitution. a london double-decker bus crashed into the store injuring six people. the reports say the driver blacked out before crashing. he doesn't remember anything. the driver has been taken to a hospital. fortunately, there are no fatalities. president trump vow to bring fire on north korea may have been directed more at china than kim jong-un. many prei can did the only way for china to really step up and do what it needs to do to stop north korea is for it to know we mean business. the u.s. is very serious about military action. joining me right now, former cia officer buck sexton. jamil jaffer, who worked with former president george w. bush. do you think this is in part directed to china?
many people say china holds the key. china is not incentivized, buck, to do anything right now. >> a lot of what we do to north korea obviously sends messages to china at the same time. a lot of our public posture and sending back four decades. our policies have failed. we have not been able to contain north korea's program effectively. the missile testing has gotten to a much accelerated pace even where it was under kim jong-un or kim jong-il before. now we see a moment in time, people say hold on, if we continue on the current trajectory this will end up in a terrible place. trish: we can't allow it. >> china is beginning to see we have a change in posture. we'll see if the chinese are willing to do much more than they have already done. they have signed on for these new sanctions. they are key here but they do not want regime change in north korea. that is the key difference between u.s. aims in north korea and china aims in north korea. trish: china is perfectly happy
the way these things are having a unbalanced situation. let me ask you what susan rice said in op-ed in "new york times" this is the key quote. susan rice saying history shows we can, if we must, tolerate, well, this is not the -- history shows we can, if we must, tolerate nuclear weapons in north korea. she goes on to say, war is, there we go, the same way we tolerated the far greater threat of thousands of soviet nuclear weapons during the cold war. so that's the important part there. she is saying, we did it before. we had a cold war with russia. we can do it again. that is the way to handle this. is that really the right way to handle this. >> thanks for having me, trish. that is literally the most incorrect way to think about this problem in my mind. it is emblematic of the prior administration. trish: let's go in to listen to heather nauert right now at the state department briefing. we'll be back with buck and
jamil on the other side. >> wondering if you have any comment on that? >> i'm not aware of the president's comments. matt, i trust you, you're an excellent reporter. you always get it right. >> i will remember that. >> our position and policy and our strategy hasn't changed one bit. >> so does the secretary, who -- speak for, believe he is part of the national security team that advises the president on national security issues an contributes to making policy? >> i, i'm wondering where you're going to go with this but absolutely without a doubt. as you know the secretary, the president, secretary mattis, national security council with general mcmaster, they meet frequently and often to have conversations about national security issue. >> i'm curious about comments an aide to the president made, dr. gorka, to the bbc, when he
was asked about the apparent differences in tone between various officials he said, you should listen to the president, the idea that secretary tillerson is going to discuss military matters is simply nonsensical. it is the job of secretary mattis, secretary of defense to talk about the military options. he has done so unequivocally. that is his mandate. secretary tillerson is chief diplomat of united states. it is his portfolio to handle those issues. does the secretary one, or this building agree with comments like that, which would seem to suggest that the secretary is, this is not the secretary's lane and he should but out and keep his mouth shut on things that relate to military matters? >> the secretary, as you know, has a close relationship with secretary mattis. our secretary, secretary tillerson talk as lot about our diplomatic strategy and our diplomatic policy. that has not changed. the secretary is very robust
with that, just having returned as we talked about yesterday at the aussie yawn conference meet for three days with a lot of foreign officials. as we came out i heard about sebastian gorka's comments myself. so i don't want to comment exactly what he had to say, but i can say i speak for secretary tillerson and this building, our secretary has been very clear as has secretary mattis our diplomatic and military means are strong and capable in the threats we face against the dprk or other nation. >> right. but does the secretary believe dip problem sy should be combined with military options, to produce successful result and, does he, i take it then he would he reject the suggestion that he doesn't have any business talking about this? >> i would say secretary mattis oversees the u.s. military and
he and secretary tillerson have a good, close cooperative relationship. and one part of our u.s. government is of course the state department and we do diplomacy here out of this building. secretary tillerson has not spoken about u.s. military capabilities. you all hear me very often from this room when you ask me about u.s. military assets or plans i refer you to dod. >> right. but the suggestion that was made is that, basically the secretary, secretary tillerson shouldn't be involved or shouldn't be listened to as it relates to policy towards north korea. is that, is that something that you agree with? >> i think everyone has clearly heard what secretary tillerson's forceful comments have been and continue to be on issue of dprk and on or the countries as well. >> they should be paid attention to, correct? >> i think so. >> so the idea -- >> cabinet secretary is forth in line with the presidency. he carry as big stick? >> dr. gorka is aware of that line ever success?
>> i have not worked with dr. gorka, i have known him from a previous life and previous career. i have not spoken with him about the comments he made. let me leave it at that. while we're on dprk, let's stick to that, i would like to stick to regions today. any questions on dprk? hi, rich. >> this is in the diplomatic lane, talking about china, south china sea, freedom of navigation. china says the recent u.s. navigation operation harms chinese sovereignty. this is issue and response we've seen before, but do issues of freedom of navigation, some economic issues, do they make for a more difficult campaign on north korea with china? >> freedom of navigation operations happen all around the world. they tend to get the most attention when they happen in the south china sea. they happen off the coast of canada. they happen, in the waters
offshore of our major allies, friends, partners, all around the world. that is why we're focusing on it right now. that's why you're asking me of that question because of the issue of dprk as you know secretary tillerson coming back from the asean conference where there was a joint statement issued about the south china sea. we talked about that pretty extensively yesterday. as you all know u.s. forces operate in the asia-pacific region. they do that on daily basis including the south china sea. the operations are conducted within international law. the point of that the united states will continue to fly, sail and operate, wherever international law allows. it is true in the south china sea. it is true in other places around the world as well. >> when the u.s. deals with china, negotiates, speaks with china, does it view these issues as compartmentalized or as within big issue? >> we have lots of ongoing conversations as you know. we had the four-way dialogue with china. we had two of four meetings set to take place, i believe the
next two are set to take place later this year. we discuss all kind of issues. secretary mattis was over here not too long ago having spoken with secretary tillerson and our chinese counterparts about many issues. among the issues we talk about, the chinese with south china sea and talk about dprk and other matters. >> doesn't hammer the pressure cam pin? >> you know what happened at united nations. the united nations security council unanimously passed new u.n. security council resolution on the dprk. china was one of those countries that voted along with that. so that means china has to enforce its sanctions. they have said that they would. we look forward to, and expect them to enforce those sanctions as well. okay? welcome back. >> thank you. congratulations on the u.n. security council sanctions. suggesting that you could have given them longer to bear fruit
before threatening fire and fury. how long do you think it was, it will take before we see some, we see north korea backing down thanks to the sanctions? >> you know look, i can't speculate what north korea is going to do. we talked yesterday about our pressure campaign and how the pressure campaign is in our opinion working. we've had many countries, countries that we are close friends with and countries that we aren't as close with help participate in that pressure campaign. that is bus the world recognizes the world recognize the threat the dprk faces not just to the united states but to the world. >> seeking diplomatic isolation of north korea. north korea attended the asean regional forum and been asked to attend next year's regional forum by the hosts s there attempt to isolate them
diplomatically or you military -- >> my interpretation of discussions on that, we are not a part of asean. we don't have the ability to extend or rescind a invitation. we would leave it to asean itself. those nations joined us in condemning the actions of the dprk. >> is it your understanding that the warning the president issued about fire and fury on north korea was if they were to test another missile some action or simply resume normal belligerent rhetoric? >> i will not get into hypotheticals. >> yesterday, kim jong-un laid out, ridiculed the president of the united states. then he laid out the plan -- >> kim jong-un is, he could certainly say, you know, what he chooses, okay. i can't affect that in any kind
of way but in terms of the pressure campaign when we talk about working part of that, from the u.n. security council resolution that we believe will help remove about a billion dollars worth of exports, money that would go into the pockets of the north korean regime. that money by the way does not get used to feed its own people. we know people in that nation, the money does not go to the north koreans, it goes to the government. it is on expensive illegal nuclear and ballistic missile programs. >> on that point, one of the points of the sanction to curtail imported labor from north korea and other countries so on. >> yes. >> an ally of united states, kuwait, said it will continue to host north korean workers an laborsers. do you have any reaction to that? >> what you're talking about is associated press report that came out i believe it was overnight, that indicated that kuwait was going to continue
hosting north korean guest workers. that would obviously be a concern to us. there are north korean guest workers in place around the world. a big part of our pressure campaign as many of you know has been saying to those countries through a series of bilateral meetings that secretary tillerson and here at the state department had with many of his counterparts asking number of nations to reduce north korean guest workers. those workers working in construction and other industry around the world are getting that money. that money is going straight back to north korea and its weapons program. the money does not go to the north korean individuals themselves. it does not go to the north korean citizens and individual family members. what you're referring to in terms of kuwait. we're aware of that report. it was brought to our attention. i would have to refer you to the government of kuwait for more information of that. we understand that the government of kuwait will issue a it at that on the report and overall dprk policy imminently.
we are in close contact with the government of kuwait. they recognize the serious nature of this issue and the report that did come out. the government of kuwait will be taking further measures in response to the dangerous and provocative behavior of the dprk regime within the coming days we're told. we're told to expect a statement on that matter. >> do you know when? because, i'm looking at the statement that they sent to us right here and it is very straightforward, two questions, question one, did kuwait stop issuing new working visas to north koreans last year? no, the state of kuwait did not stop issuing visas to north korean laborerses. trish: we have the president speaking. listen to him here. >> we have a couple other people here today. a lot of subjects under discussion including venezuela. including of course north korea and other things. i think we're making tremendous headway. we'll be spending quite a bit of
time here. then through the weekend as you know toward the end we go into manhattan where i have a lot of meetings scheduled in manhattan. any questions? >> mr. president, the north koreans said yes your statement on tuesday was nonsense, that is the word that they used. do you have any response to that? >> i don't think they mean that. i think first time they have heard it like they heard it, frankly, the people that were questioning that statement was too tough, maybe it wasn't tough enough. they have been doing this to our country for a long time, for many years. it is about time somebody stuck up for people of this country and other countries. if anything that statement wasn't tough enough. we're backed 100% by our military. we're backed by everybody. and we're backed by many other leaders. i notice that many senators and others today came out very much in favor of what i said. but if anything, that statement may not be tough enough. >> with would you -- [inaudible].
>> you'll see. you'll see. >> mr. president is within of the options being credit a [inaudible] >> we don't talk about that. i never do. i'm not like the other administration that says we go into mosul in four months. we'll see what happens. i can tell you what they have been doing, what they have been getting away with is a tragedy and it can't be allowed. >> mr. president -- [inaudible] >> sure. we will always consider negotiations but they have been negotiating now for 25 years. look at clinton. he folded on the negotiations. he was weak and ineffective. look what happened with bush. look what happened with obama. obama, he didn't even want to talk about it. but i talk. it is about time. somebody has to do it. somebody has to do it. >> talking about your relationship with senator mcconnell? >> just want him to get repeal and replace done. i've been hearing repeal and replace now for seven years, but i've only been doing this for
two years. i've really only been doing this for six months but i've been running. now almost two years and i all i hear is repeal and replace. and then i get there and i said where is the bill? i want to sign it, first day. they don't have it. they passed repeal or replace. but they never had a president or senate that was going to do it but they never had a president so it didn't matter. i say very simply, where is repeal and replace? i want tax reform an tax cuts. we'll reduce taxes for the people. we pay more tax than anybody in the world and we'll reduce taxes. i say tax cuts, tax reform, and i want a very big infrastructure bill where we're working on that very hard already. we can do that. we may even get bipartisan on infrastructure but we want to have it. but i said, mitch, get to work and let's get it done. they should have had this last one done.
they lost by one vote for a thing like that to happen is a disgrace. frankly it shouldn't have happened. it shouldn't have happened. >> senator mcconnell consider stepping down as majority leader? analysts including sean hannity saying it is time for him to retire? >> if he doesn't get repeal and replace done, if he doesn't get taxes done, meaning cuts and reform, if he doesn't get a very easy one to get done, infrastructure, he doesn't get them done, then you ask me that question. >> [inaudible] >> you can ask me the question. means ask me the question. let's hope -- >> [inaudible]. >> opioid crisis is an emergency. i'm saying officially right now it is an emergency. it is a national emergency. we're going to spend a lot of tile, a lot of effort and a lot of money on the opioid crisis. >> what do you need emergency powers to address it? >> we're going to draw it up and make it a national emergency. it is a serious problem, the
likes of which we have never had. when i was growing up they had lsd and certain generations of drugs. there has never been anything like what happened to this country over the last four or five years. i have to say this in all fairness, this is a worldwide problem, not just a united states problem. this is happening worldwide. but this is a national emergency and we are drawing documents now to so attest. >> mr. president, are there mixed messages coming out of your administration of north korea? [inaudible] secretary mattis seems to advocate -- >> there are no mixed messages. there are no mixed messages. i heard, to be honest, general mattis may have taken a step beyond what i said. there are no mixed messages. rex was just, you know stating his view. here is the view. i said it yesterday. i don't have to say it again. i'll tell you this, it may be tougher than i said it, not less.
it may be tougher than i said. what more. >> do you have any assurance to the american people who are understandably anxious about the situation in north korea and -- [inaudible] your statement about fire and fury, should they be comfortable that -- >> the people of this country should be very coming for thible. i will tell you this, if north korea does anything in terms of even thinking about attack, of anybody that we love or we represent, or our allies, or us, they can be very, very nervous. i'll tell you what. they should be very nervous because things will happen to them, like they never thought possible. okay? he has been pushing the world around for a long time. i have great respect for what china and what russia did and those 15-0, we got a 15-0 nothing vote. i have he respect for what russia and china did on sanctions.
i believe it will have been a effect, nikki haley did a great job, we all did a great job. i have great respect for what they did. i have great respect for the 15-0. but probably won't be as effective as lot of people it can be unfortunately. >> can china do a lot more? >> i think china can do a lot more and i think china will do a lot more. we have trade with china. we lose hundreds of billions of dollars a year on trade with china. they know how i feel. it will not continue like that. if china happens us i feel a lot differently for trade, a lot different toward trade. our people of our country are saying, our allies are saying, i will tell you this, north korea better get their act together, or they will be in trouble like
few nations ever have been in trouble with this world. thank you very much. we're going down to the other side and we will, we'll take a few more questions. okay? thank you. trish: well the president witness again warning north korea there, basically telling them if you continue on this path you will be in trouble like no other nation has been in trouble. things will happen to them, to their people like they never thought possible. back with buck sexton jam mill jaffer? do you think north korea is getting the message? >> that is difference between the prior president and frankly last 25 years of north korea policy they never had to take it seriously. with president trump they do and ought to learn a lesson take account of it and stop their actions. trish: he is saying there are no mixed messages here. we are on the same page. we're very much against what north korea is doing, if they
continue on this path very bad things bill happen to them. interestingly, buck, he basically extended an olive branch to china saying i know i have been tough on trade, and continue to be so, but, but if you play ball here and you help with the north croons, maybe i will rethink some of that. how significant is that? >> well, i think that for one thing the president is addressing, standing up to a bully. that is why he using words and rhetoric he is. based on what we have seen, reason to believe same old will not work. with regard to china offering inducement, further inducement is something that i think might have some limited effect. they have their own security concerns dealing with kim jong-un. trish: there is whole lot more
we can do to put pressure on china. everybody keeps touting sanctions. there is whole lot more that we can do, billion dollars on north korea. we could go after china. >> if we had china go along, for example, go with most comprehensive sanctions and economic war far possible against north korea and north korean regime imploded, that refugee flow, security problem, all of that is literally on china's doorstep. they will work with us but there are limit stations what they will do, no matter how much pressure we put on them. trish: how will we stop this guy? will it take china, jamile? >> i think china has to be a key part of this whole thing. they have to put pressure on north korea to get their act together. buck's right. they don't want to see north korea collapse. neither does south korea. north korea is collapse is disaster for the region. at the same time north korea has to stop doing what it is doing and president's rhetoric and talk, very real, honest threats
he will carry out, i think north korea should take seriously. if they don't, they will have a real problem. trish: here's the thing. this is important distinction to make. the president has now gone on record saying, fire and fury sound that he gave just yesterday, then of course moments ago saying things will happen to them, the north koreans, like they never thought possible. this is in effect quite a warning and if they try something as they have threatened in obama, buck, they're leaving us with no choice. >> there is a bipartisan consensus that any provocation involves direct military attack from north korea would involve annihilation of the north korean state and our response. that was in fact even in susan rice's op-ed of "new york times." everyone agrees if north korea steps that far out of line, military response would be overwhelming. we're trying to avoid getting to that phase. that is why discussion going on in the policy community, white house across the country is so essential. we need new thinking new approach.
trish: thank you so much good to have you both here today. new he thinking new approach for sure. the president sounding a very different tone than we have heard from at least the previous administrations. we'll continue watching this story throughout this afternoon as we watch the market off better than 100 points. lauren simonetti in for liz claman today. >> thank you, trish regan. breaking news this hour, tensions over north korea. president trump says his criticism of north korea was not tough enough. speaking with his national security advisors president trump says the previous administration had done moving to suppress the threat from north korea that was effective. that it is time someone stuck up for our country. all of this coming after the rogue nation smacked washington with another, another terrifying threat. one of kim jong-un's top generals launching astonishing verbal strike on the presi